watering place vs vacation spot

watering place and vacation spot both are nouns.

Word	Noun	Adjective	Verb	Adverb
watering place	Yes	No	No	No
vacation spot	Yes	No	No	No

As nouns, vacation spot is a hypernym of watering place; that is, vacation spot is a word with a broader meaning than watering place:

watering place: a health resort near a spring or at the seaside
vacation spot: an area where many people go for recreation, holidays or other purposes

Other hypernyms of watering place include playground, resort area.

watering place (noun)	vacation spot (noun)
a health resort near a spring or at the seaside	an area where many people go for recreation, holidays or other purposes